BNR Draws Alarm: Budget Needs to Be Cleaned up Urgently
4 Articles
4 Articles
The Romanian economy is going through a difficult period and people are taking it harder. The state has high expenses, pays more and more for debts, while the pressure is felt in people's pockets.
Romania Is Spending More on Interest than Its Proposed Deficit. Warning From the NBR Deputy Governor
Interest expenses are set at 3% of GDP in the current budget, so Romania is spending more than the deficit it is aiming to reach, the deputy governor of the National Bank of Romania (BNR), Cosmin Marinescu, pointed out on Tuesday.
The economic analyst Cosmin Marinescu warns that the bill for public debt has been out of control. Romania has come to spend on interest more than the entire budget deficit the Government is proposing to achieve, putting huge pressure on the economy.
Interest expenditure is forecast in the current budget at 3% of GDP, so Romania spends more than the deficit it aims to achieve, attracted the attention, Tuesday, the vice-governor of the National Bank of Romania (BNR), Cosmin Marinescu. ‘In the two decades since accession, Romania has made substantial progress, but this path, thanks to its own options, [...] Article Cosmin Marinescu: We spend more interest than the deficit we aim to achieve app…
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